DoubleDown Interactive Stock Forum

Hello Mooers!
A quick recap for the weekend ending March 24, 2024.
Eight stocks with >30% YTD
$Latham Group (SWIM.US)$38.40%
$DoubleDown Interactive (DDI.US)$67.63%
$Hippo Holdings (HIPO.US)$88.93%
$Vaxart (VXRT.US)$119.97%
$Ocugen (OCGN.US)$185.22%
$BeyondSpring (BYSI.US)$246.67%
$Vincerx Pharma (VINC.US)$325.42%
$Airship AI (AISP.US)$452.94%
Top 5 Gainers (22 Mar 2024)
$Murano Global Investments (MRNO.US)$120.89%...

$DoubleDown Interactive (DDI.US)$
① According to the 2020 report of Mobile Marketer, the mobile game market will grow at an annual rate of 2.9% by 2024. This rate shows that the industry is not a fast-growing industry.
②The company had planned to go public for 1.2 billion U.S. dollars in June 2020, but it failed. After a year, 900 million U.S. dollars came back to reissue the IPO. Obviously, this is not a good thing. Obviously worthless.
③The company is an American company, but it was acquired by South Korea in 2017 at a purchase price of US$825 million. Now 4 years later in the blink of an eye, it still has a market value of US$900 million. After so long, the valuation is still not It shows that the market is not optimistic, and this does not seem like a good thing.
④ The company's valuation in 2012 was 500 million US dollars. Now that 10 years have passed, the valuation has only doubled, which seems to be of little value.
⑤ After the IPO, 20% of the original shareholders of the issuance part can be sold directly, which is another bad factor.

The IPO debut of $DoubleDown Interactive (DDI.US)$, a South Korean gaming company was met with lukewarm response where it dipped below its IPO price of 18. Similarly to $Adagio Therapeutics (ADGI.US)$, $Weber (WEBR.US)$, $DoubleDown Interactive (DDI.US)$ went public in August, during the typical slower month for new issues. This was to be its second IPO attempt, where $DoubleDown Interactive (DDI.US)$ was priced at the lower end of expectations. The market opportunity for mobile games is still large and can be expected to generate at least moderate growth r...

COVID-19 has accelerated that timeline by creating massive budget shortfalls. Thus, investors must be aware that the online gambling industry $DoubleDown Interactive (DDI.US)$ is not for the faint hearted as these stocks are some of the most volatile on the market.
Make sure you do your homework, have the stomach for 20%-30% swings. Plus, have the emotional endurance to hold for the longer term.

Nothing feels better than sitting at home gambling! For me it’s like a great experience to become a coach potato and winning some real money!  $DoubleDown Interactive (DDI.US)$

$DoubleDown Interactive (DDI.US)$  is quite interesting. If you look at their fundamentals, their financial status is strong. I am going to be long on this.